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HomeWater CodeDiv. 6Pt. 3Ch. 5Art. 1§ 11553 Bond-Funded Construction Costs

§ 11553 Bond-Funded Construction Costs

Water Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 11553 Bond-Funded Construction Costs

This law says that money for building things (like roads or bridges) must come from selling special loans (bonds) or other approved money sources.

Key Takeaways

  • •Money for big projects must come from special sources.
  • •Selling bonds is one way to get the money.
  • •Other ways include loans, donations, or government money.

Example

The city wants to build a new park.

They can't just use any money—they have to get it from selling bonds or other approved ways, like loans or donations.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 11553 Bond-Funded Construction Costs

The cost of all works authorized to be constructed under this chapter shall be paid from the proceeds of bonds issued and sold under the provisions of this part, or from contributions, appropriations, or loans as provided in this part. (Added by Stats. 1943, Ch. 370.)

Last verified: January 11, 2026

Key Terms

worksbondscontributionsappropriationsloans

Related Statutes

  • § 11560 Project Funding Requirements
  • § 11551 Department Construction Design
  • § 11555 Contractor Performance Bonds
  • § 11556 Bond Proceeds Construction Fund
  • § 8757 Land Benefit Assessment Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Water Code. Section 11553.
View Official Source